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500 Chadwick St 3,070 SF 100% Leased Office Building Sewickley, PA 15143 $2,562,083 CAD ($834.55 CAD/SF) 6.81% Cap Rate
EXECUTIVE SUMMARY
PRICE REDUCTION! This is a rare opportunity to acquire a fully leased commercial property with a multi-location medical tenant operating across several states. Now in the fourth year of a seven-year NNN net lease, the tenant also holds an option to extend the lease for an additional three years.The property generates a net operating income of $126,000 annually, with monthly rent set at $10,500. Under the triple-net structure, the tenant is responsible for all interior maintenance, improvements, and renovations, as well as the upkeep of the parking lot, including snow removal and resurfacing. They also pay all local and county property taxes, cover all utilities, and carry a full annual property insurance policy.The tenant has a strong history of on-time payments, reports continued business growth, and maintains a cordial and professional relationship with the landlord. In addition to its solid financials, the property itself is truly unique. Originally built as a classic railroad station, the building was fully gutted and meticulously renovated inside and out by the previous owner. All major systems—including electrical, plumbing, and infrastructure—were updated to modern standards, resulting in a property that blends historic character with contemporary commercial functionality. This is an excellent opportunity for an investor seeking stable cash flow and a low-maintenance asset with long-term upside.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,070 SF
Building Class
C
Year Built
1900
Price
$2,562,083 CAD
Price Per SF
$834.55 CAD
Cap Rate
6.81%
NOI
$174,499 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,535 SF
Building FAR
0.12
Lot Size
0.60 AC
Zoning
Commercial
AMENITIES
- Reception
- Air Conditioning
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 0506-M-00100-0000-00 | Improvements Assessment | $622,525 CAD (2025) |
| Land Assessment | $276,678 CAD (2025) | Total Assessment | $899,203 CAD (2025) |
PROPERTY TAXES
Parcel Number
0506-M-00100-0000-00
Land Assessment
$276,678 CAD (2025)
Improvements Assessment
$622,525 CAD (2025)
Total Assessment
$899,203 CAD (2025)
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500 Chadwick St
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